Spirit lands $100 million in new financing

Spirit Airlines received $100 million of new financing under agreements with Oaktree Capital Management and Goldman Sachs that it will use to finance its transition to an all-Airbus fleet and to support its new fuel hedging program. The company said $70 million will come from existing investors, including Oaktree and Spirit management, and the remaining $30 million from Goldman Sachs. "This new financing further solidifies our position within the industry," Spirit President Ben Baldanza ...